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# Indian banking app Mewt secures $4.6 million in seed round
- URL: https://www.techloy.com/indian-banking-app-mewt-secures-4-6-million-in-seed-round/
- Published: 2022-06-15T18:25:16.000Z
- Updated: 2022-12-08T01:34:37.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[Mewt,](https://mewt.in/) an India-based banking super app focusing on Micro and Medium and Small Enterprises (MSMEs) has secured $4.6 million in its seed round funding. 

- The fund will be used to increase its employee base and launch a debit card for MSMEs in India.
- Mewt offers alternative banking to cash-short MSMEs and has worked with over 200,000 of them, in tier II and III in the country.
- Quona Capital led the funding round with participation from BEENEXT, DG Daiwa Ventures, Goodwater Capital, Allin Capital, and angel investors.